Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post - The ongoing financial turmoil and financial discussion thread

Claeren · 10-08-2008, 04:23 PM

^ After they used up the first $85 Billion in what, less than 10 days?

We are no where near bottom people. Even if it is slows in its plummiting, it is not going up anytime soon either. Count on YEARS (hopefully not decades) before we see any upward movement beyond simple volatility.

That is not to say good traders cannot make money by playing that volatility, but a lot of people would be better served trying to find other places for their money right now.

I get the impression Bank of America has also bitten off more than they can chew.

And virtually all of the financial companies are diluting their shares with massive new share offerings. You can't issue Billions in new shares without diluting the value of all of the existing shares.

Claeren.

10-08-2008, 04:23 PM	#233
Claeren Franchise Player Join Date: Jul 2003 Location: Section 218 Exp:	^ After they used up the first $85 Billion in what, less than 10 days? We are no where near bottom people. Even if it is slows in its plummiting, it is not going up anytime soon either. Count on YEARS (hopefully not decades) before we see any upward movement beyond simple volatility. That is not to say good traders cannot make money by playing that volatility, but a lot of people would be better served trying to find other places for their money right now. I get the impression Bank of America has also bitten off more than they can chew. And virtually all of the financial companies are diluting their shares with massive new share offerings. You can't issue Billions in new shares without diluting the value of all of the existing shares. Claeren.